Framingham, MA Real Estate
According to census data in the year 2000 there were 26,734 housing units in Framingham.
This represents a 1.2% growth from 26,404 in 1990.
Of those housing units, 26,347 were located in either urbanized areas or urban clusters, and 387 were located in what is classified as a rural area.
Homeownership rate in Framingham is about 55.5%.
Framingham's vacancy rate, including seasonal lodging, is about 2.2%.
Average household size is 2.43 people.
The majority of houses, apartments or condos in Framingham were built after 1961.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 4.40% |
| One Bedroom | 19.20% |
| Two Bedrooms | 24.20% |
| Three Bedrooms | 32.20% |
| Four Bedrooms | 17.20% |
| Five Bedrooms or more | 2.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.7 |
| Median year structure was built | 1959 |
| Median Value of occupied units | $216,700 |
| Median Price asked for vacant units | $241,700 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.1 |
| Median year structure was built | 1964 |
| Median Monthly Rent asked for vacant units | $753 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.30% |
| Second Mortgage | 5.40% |
| Home Equity Loan | 9.80% |
| Simple Mortgage | 58.40% |
| Debt Free | 26.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.3% |
